Oil & Gas Mubadala subsidiary makes first investment in US energy sector By Pramod Kumar April 10, 2025, 5:12 PM Unsplash+/Getty US LNG supply is projected to account for 33 percent of the global market by 2050 A unit of Abu Dhabi’s sovereign Mubadala Investment Company has made its first foray into the US energy sector as part of what it says is a global expansion plan, according to a statement. Mubadala Energy will acquire a 24 percent interest in SoTex HoldCo, a company that operates an unconventional gas field and is developing a liquefied natural gas (LNG) export terminal in the US, alongside Kimmeridge, an energy-focused asset manager. Current production by Kimmeridge Texas Gas is more than 500 million cubic feet equivalent per day, which is expected to grow to 1.5 billion cubic feet equivalent per day by 2031. Mubadala puts more money in US commercial lender Production at Adnoc’s new offshore block set for 2027 Production at Adnoc’s new offshore block set for 2027 A final investment decision on the Commonwealth LNG terminal in Louisiana is anticipated later this year, with the first LNG offtake scheduled for 2029. According to analyst Wood Mackenzie, US LNG supply is projected to account for 33 percent of the global market by 2050. The transaction is subject to regulatory approvals. No financial details were given. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
